Second-hand annuities – Pro’s and Con’s

The government has stated that from 2017 pensioners will be able to sell their annuities for a lump sum. This would extend pension freedoms to those who’ve already bought a guaranteed income. But can it really work? We wonder… When pension freedom arrived in April 2015, many people missed out. Those who had already bought a guaranteed income no longer …

Retirement ProfessionalsSecond-hand annuities – Pro’s and Con’s

Five reasons to buy a pension annuity

After a lifetime accumulating pension savings, you reach the point when those savings must provide a regular income for your retirement. Recently the options have become much broader, but the most traditional route – the annuity – is refusing to go quietly. Here’s why. Consider your pension fund, built up over a working lifetime. On retirement, you could simply draw …

Retirement ProfessionalsFive reasons to buy a pension annuity

FTSE slides to 6,100

FTSE slides to 6,100 as eurozone deflation fears mount The FTSE 100 tumbled again following yesterday’s violent sell-off, as the latest eurozone inflation data revealed deflationary risks show no signs of receding. The UK blue-chip index dropped 108 points or 1.7% to 6,104. Yesterday the index shed 181 points, or 2.8%. http://cdn.citywirecontent.co.uk/images/2012/06/11/595079-System__Resources__Image-661948.jpg The latest economic data from the eurozone show inflation fell …

Retirement ProfessionalsFTSE slides to 6,100